So yesterday LeoFinance team announced that the HBD is added to the Polygon network as a pHBD (PolyGon HBD) in the Farms giving around 58% APR.
So now as an Individual, we have two options either have HBD in savings and get 20% interest or we can have it in Liquidity Pools and get around 58% APR now or guaranteed 30% in the future. When the interest on HBD has risen to 20%, a lot of people are buying HBD and then the demand has increased but the problem is supplied is one of the main problems with HBD.
There is no market for HBD only Bittrex and for that also the wallets remain closed for months. With this Liquidity Pool, we will have enough liquidity for HBD so that anyone who wants to buy HBD in bulk can buy it. Along with these liquidity pools, now we can exchange any of the coins to HBD and thus there will be no liquidity problem in the future.
There are a lot of posts on Hive where it is clearly shown how to convert your HBD to pHBD and provide that liquidity. One thing is that for the PHBD-USDC pool you need both pHBD as well as USDC to provide that liquidity. So that means if you want to provide the liquidity of 100 HBD, then you need to keep 50 HBD in pHBD and 50 HBD in USDC and provide that liquidity pool.
Now the question is which one to choose between these two options i.e. Keep HBD in savings and enjoy 20% interest or provide the LP and get a minimum of 30% as well as help the Hive ecosystem. For me personally, I am targeting 1000 HBD in savings first before going to the liquidity pool why because I need to build that emergency fund first. I know keeping it in the Liquidity pool will also give me that risk-free experience but personally, I have to achieve the target of 1000 HBD in savings and currently, I am done completing around 57% of my goal.
So only 43% of the goal is pending before I will move toward the liquidity pool. In the Hive community, we don't have to look anywhere else because Hive provides so many opportunities to grow and one such opportunity is HBD. Now with the HBD Liquidity pool, we have now two options to get more interest and grow our money.
It's good to invest everywhere but keep some in HBD savings as an emergency fund so that you can grow your fixed income as an emergency fund.
